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. >>> joining us now is steven engler. i want to bring up first the sterling, because we've seena just a little bit of movement in that trade today after what's been fairly stable trade for the currency of late, this on the back of some of the uk services number showing some weakening out there among corporations. do you think this was a reason to sell today? >> well, i think sterling is a very troubled currency. i mean, you have to understand that it's been trading very close wli the euro in between the euro and the dollar. it's a very weak economy after years of low interest rates, after quantitative easing, an exchange range that's depreciated a lot over the last three or four years relative to everyone else. and the fact that the economy is so weak right now, i think is a very negative signal for the market. and for investors with respect to sterling. it will do well against the dollar if the euro goes up, but on its own i think it's going to underperform. >> i want to take a look at the euro. about a tenth of a percent. it doesn't seem to be struggling too much. the services number was bet
distinguished ambassador chris stevens. is there a cover-up going on here? senator ron johnson sounds off. and folks, one more time, don't forget, free market capitalism is the best path to prosperity. lower those tax breaks and get rid of those deductions. it can work, i've seen it work in 1986. it'll work again. two years ago, the people of bp made a commitment to the gulf. and every day since, we've worked hard to keep it. bp has paid over twenty-three billion dollars to help people and businesses who were affected, and to cover cleanup costs. today, the beaches and gulf are open for everyone to enjoy -- and many areas are reporting their best tourism seasons in years. we've shared what we've learned with governments and across the industry so we can all produce energy more safely. i want you to know, there's another commitment bp takes just as seriously: our commitment to america. bp supports nearly two-hundred-fifty thousand jobs in communities across the country. we hired three thousand people just last year. bp invests more in america than in any other country. in fact, over the la
about the stock market. perhaps to find their own therapeutics. seventh, i would appoint a steven jobs memorial competitiveness czar to figure out how our businesses could be made more speft and find out what they need. not government handouts but trying to get educated engineers to help these companies. i would reappoint ben bernanke as chairman of the federal reserve. if it weren't for him, he would never have gotten out of the great depression to begin with. without bernanke, we have nationalized the banks and be stuck with unemployment over 10%. here's the bottom line. nobody asked me. i'm not running. i'm not part of any debate. but i stand for higher stock prices for all. if you elect me,ly put through my plan to switch to clean burning natural gases, lower taxes on dividend, educate the masses on money, clean up the skies, rebuild our infrastructure and reappoint bernanke to give liberty, justice and higher stock prices for all. that's a platform i could vote for, if only obama or romney would embrace it. lawrence in texas, lawrence? >> caller: jim, how are you doing? i have a q
tomorrow morning. we get right to it right now. ubs, steven nicholas, and good to have you on the program, everybody. let's kick it off with you, what are you looking at tomorrow? 30 seconds on the clock. >> well, if you're watching emerging markets, look out for brazil industrial production tomorrow morning at 8:00 a.m. probably mark the 12th straight month of contracting ip, going back to last september. this probably is most importantly for growth but also let's keep in mind policies. in short, we think you're probably going to need a very strong rebound in industrial activity for brazil if it abandons the easy monetary policy or the currency war effort. >> all right. thank you so much. and kevin, you're up, 30 seconds on the clock. what do you want to look at when that opening bell sounds? >> well, the leader has been the u.s. consumer. you have to watch auto sales here in the united states. we're expecting a number of something like 14.4, 14.5 million units at an analyzed rate. we're also going to get data out of china in terms of services data. and i think ultimately the data that's
demand is going to come from. >> all right. steven, one thing we are expecting from these quarterly numbers is a contraction in earnings. they are expected to be negative for the third quarter. i expect it to bounce back in the fourth quarter. wrote are you expecting any big blowups? we saw norfolk southern, caterpillar, these large multinationals that are disappointing. what's on the horizon? >> we are zfdefinitely in a maturing earnings cycle. i think earnings will come in line with expectations that have been reduced dramatically. i think more importantly than the earnings may well be the top line revenue. so analysts are going to get out a microscope, be looking at revenues to see what's happening there. this is going to be a challenging environment. mandy, great point. china's deceleration is very important. it's very real. you're seeing that in commodity complex. i think that revenue line is going to be very, very important. that's probably going to come in soft. >> all right. we'll leave it there. thanks, everybody. appreciate your time tonight. we'll keep watching this marke
documents scattered on the floors, including evacuation plans in case of attack, ambassador stevens' schedule and the names of libyan nationals working for the consulate, all lying in the open unsecured. the investigators have remained in tripoli hundreds of miles away from benghazi because of safety concerns and libyan contractors say they have not been contracted by the libyan or american governments. the post reports the only security at the compound is two private guards paid for by the landlord. larry, back to you. >> wow, great stuff. i turn back to the kudlow caucus for a quick whip around on this subject. is the benghazi couatastrophe going to become a big issue in this campaign? >> i think it dents president obama's reputation as an international leader. i think ambassador rice got it completely wrong trying to cover up perhaps what really happened here and trying to blame it on a video that we now know is clearly not the reason why they had this -- >> you know, this thing is not redounding to the president's credit. he calls it a bump in the road. a very well liked ambassa
yesterday. he also paid tribute to christopher stevens, the u.s. ambassador to libya who was killed during recent protest. in his last major foreign policy address before the upcoming election, obama also reiterated his desire to find a diplomatic solution with iran, but warned that time was running out. usef joins us from iran now. as we can expect to hear from ahmadinejad later today, what might he -- are we going hear any change in rhetoric from the past? how much will the world's attention be focused on this moment? >> well, kelly, you're right. president mahmood ahmadinejad's speech is expected for later today. it comes actually quite at an interesting time because it would be the hollywoodiest dies jewish calendar. of course, obama's speech comes at a time when the united states is facing a very difficult situation in the middle east. we saw the ongoing protests, and of course, anti-u.s. sentiment is at relatively high in terms of its historical sort of context. but again, peace is hard is what obama made very clear in his speech. a warning shot to the remaining dictators in the regi
. >> like a steven wright sort of -- >> it is. but where is it headed? i mean, is there some sort of -- and the other thing, why do you need a steering wheel? have you thought about these things? >> i'm worried about jeeves' job. >> my computer goes down and am i sitting there -- >> you're sitting there drifting off. >> no way. >> i'm excited for it. >> governor richardson, thank you very much for coming in. it's been great having you. the paris auto show opens to the media today, but the focus will be less about flashy new models and more about how to jump-start the european auto market. they're in their fifth year of decline. overcapacity is a huge concern. phil lebeau joins us with the daimler ceo with him. >> thank you, becky. i know it's hard to hear us over there when you have different press conferences going on, so i appreciate your patience with us today. i'm curious, give us a take in terms of what you're seeing in europe. what's the latest description of things, if you will. >> certainly it's not developing very favorably. year to date it's down 10%. but mercedes is up
of the have i. we'll see how it plays out. steven, appreciate your time. >> likewise. >>> keep those tweets coming. the journal says bald men have the advantage in business according to a study at the university of pennsylvania's what a wharton school. what do the balds abouts know that we don't have? it's@squawk street. e want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment?t, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. zagat just gave hertz its top rating in 15 categories, including best overall car rental.
's them. something went under the radar earlier in the year over there. they hired a guy named steven gillette, a vp and ceo of at starbucks. they hired him as a president at best buy and that guy is basically running the show. he's doing a lot over there. and he's a tech guy. he's on the board of semantech. he thinks with a tech mind, not a retail mind. it needs a tech-oriented person, not a retail person. >> in the meantime, i think it's important to mention, for example, how people have made serious money in fashion when people get the stock right. i'm thinking of michael kors at the moment. i'm thinking of the gap. you make serious money on just getting what peel want to buy. that color, for example. how ridiculous was that? >> i first of all would disagree on best buy. not a fan. i still think they have serious issues ahead and a new ceo who's testing the waters here. but i think that's true, simon. we've seen new concepts. we've seen lulu, as you just mentioned, which the consumer wants. they have yoga classes in the stores, which brings you in. we have michael kors. the accesso
Search Results 0 to 9 of about 10